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Detroit prosecutor's home in foreclosure

Thursday, 21-Aug-2008 6:44PM PDT
    
Story from United Press International
Copyright 2008 by United Press International (via ClariNet)

DETROIT, Aug. 21 (UPI) -- Wayne County, Mich., Prosecutor Kym Worthy says she has joined the growing list of Detroit residents whose homes are in foreclosure.

Worthy said in a statement that "after attempts to work something out" with Countrywide Financial Corp., she was able to reach a deal with the home lender, The Detroit News reported Thursday.

"A short sale for my home is pending acceptance by Countrywide and there is an offer to purchase the property," Worthy said.

The home, which is Worthy's primary residence in the University District of Detroit, was bought for $337,000 in 2004. Her monthly mortgage and tax payment was $3,000 on a 7.6 percent interest rate, the newspaper reported.

A federal tax lien had reportedly been filed against Worthy's home. Records show she owed more than $7,500 in back property taxes and penalties.